Drones Market Is Experiencing Significant Growth Due To The Dynamic Aerospace And Defense Sector, Projected To Achieve A Robust Compound Annual Growth Rate (CAGR) Of Approximately 14.30% From 2023 to 2030
Research Reports
May 22, 2023
Market Research Future Insights
According to MRFR analysis, the Global Drones Market is expected to register a CAGR of~14.30% from 2023 to 2030 and hold a value of over USD 66.012 billion by 2030.
The global drones market refers to the market for unmanned aerial vehicles (UAVs) or remotely piloted aerial systems (RPAS), which are aircraft that operate without a human pilot on board. These drones can be controlled from the ground or can be pre-programmed to fly autonomously, and are used for a wide range of purposes, including military, commercial, and recreational applications. The global drones market includes the production, sale, and maintenance of drones, as well as the development of supporting technology and software.
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The COVID-19 pandemic had a mixed impact on the global drones market. The pandemic has also caused disruptions in the supply chain and manufacturing processes of drones, leading to delays in production and delivery. Travel restrictions and lockdowns have also impacted the ability of drone operators to conduct fieldwork and gather data, which has affected the use of drones in sectors such as agriculture and construction.
Key Players
Some of the key market players are Microdrones (Germany), DJI (China), Aibotix GmbH Limited (UK), Drone America (US), Draganfly Innovations Inc. (US), ING Robotic Aviation (Canada), Aeryon Labs Plc. (UK)
Market Segmentation
The Global Drones Market has been segmented into type, application and technology.
Based on the type, the market has been segmented into fixed-wing drone, rotary blade drone and hybrid drone
Based on the application, the market has been segmented into inspection and leak and spillage response and security and surveillance.
Based on the technology, the market has been segmented into hardware and software.
Regional Analysis
The largest region in the global drones market is North America, which includes the United States and Canada. North America is a major hub for drone manufacturers, with companies such as DJI, 3D Robotics, and Parrot having significant operations in the region. The United States is also a key market for military drones, which are used extensively for surveillance and reconnaissance purposes.
North America’s dominance in the global drones market is driven by factors such as favorable regulatory frameworks, advanced technological infrastructure, and high demand for drones in a range of industries, including agriculture, construction, and public safety. The region is also home to several leading research and development institutions that are actively working to advance the capabilities and applications of drones.
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Related reports:
Tethered Drones Market Research Report Information By Type (Military Drones, and Commercial Drones), By Component (Sensors, Controller System, Camera, Battery, and Others), By Application (Inspection & Monitoring, Law Enforcement, Surveying, Mapping, and Others) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030
Passenger Drones Market Research Report Information by Component (Airframe, Controller System, Navigation System, Propulsion System and others), by Capacity (Up to 100 kg and Over 100 kg), by Application (Commercial and Personal), by Rotor (Less Than 10 and More Than 10) – Forecast till 2030
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